FTSE 100 Up Marginally As Investors Look For Direction
(RTTNews) - The U.K. market is up in positive territory a little before noon on Monday with select counters attracting some strong buying interest. Uncertainty on the tariff front is rendering the mood a bit cautious and limiting the market's upside.
The benchmark FTSE 100 is up 16.43 points or 0.18% at 9,112.16 a few minutes before noon.
Marks & Spencer is gaining 2.5%. WPP, Hikma Pharmaceuticals, Pershing Square Holdings, Fresnillo, IMI, AstraZeneca, Airtel Africa, Diageo, British American Tobacco, Tesco and Glencore are up 1.1 to 1.7%.
Drug maker GSK is notably higher after the U.S. FDA has accepted its application for priority review of gepotidacin, an oral antibiotic to treat sexually transmitted uncomplicated gonorrhoea.
Rolls-Royce is down nearly 1%. The company sold its UK pension pot in a £4.3 billion buyout with Pension Insurance Corporation, the largest UK risk-transfer deal this year, covering 36,000 people and removing liabilities from its balance sheet. CFO Helen McCabe called it a "win-win" and part of efforts to simplify the business.
SSE is down more than 2.5%. BAE Systems is declining by 1.7%, while Croda International, Endeavour Mining, Babcock International and Melrose Industries are down 1.2% to 1.4%.
New Zealand Rate Decision On Tap For Wednesday
Canadian Dollar Drops After Weak Inflation Data
Canadian Market Modestly Lower In Cautious Trade
Swiss Market Ends On Strong Note
European Stocks Close Higher On Russia-Ukraine Peace Deal Hopes
U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump
U.S. Housing Starts Unexpectedly Surge 5.2% In July
